Raytheon's announcement this week that it will bid for the Air Force's next-generation trainer program signals an effort to move into adjacencies as defense spending shrinks, analysts say.
Sunday, May 12, 2024
Sunday, May 12, 2024
Marjorie Censer was Inside Defense's editor until July 2021. She previously worked at the Washington Post and its local business publication Capital Business, covering defense industry reshaping, the increased scrutiny of contractors following the Edward Snowden case and the challenges of canceling military programs. From 2007 to 2010, she was managing editor of Inside the Army. She also previously worked as defense editor at POLITICO and as a staff writer at the Carroll County Times and the Princeton Packet. A Fairfax native, she graduated from Princeton University.
Raytheon's announcement this week that it will bid for the Air Force's next-generation trainer program signals an effort to move into adjacencies as defense spending shrinks, analysts say.
General Dynamics Mission Systems said today it has purchased Bluefin Robotics, which manufactures unmanned undersea vehicles.
Rockwell Collins' government business has shrunk to adapt to tougher times, but the unit's top executive says it's now well positioned to take advantage of Pentagon interest in commercial technology.
Kratos Defense & Security Solutions said today it is consolidating certain facilities used by its modular systems division and will close its Charleston Marine Container manufacturing plant.
Seeking growth, Vectrus is zeroing in on IT and network communication services, opening a new office in Reston and hiring a Harris executive to lead its efforts in that market.
Booz Allen Hamilton said today that Kevin Cook, its chief financial officer, will retire, and Lloyd Howell, a longtime company executive who leads the contractor's civil commercial group, will succeed him, starting July 1.
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Huntington Ingalls said today that sales in 2015 hit $7 billion, up about 1 percent from the prior year. Profit for the year reached $404 million, up close to 20 percent from 2014.
Leidos said today that sales in 2015 hit $5.09 billion, up from $5.06 billion the prior year, while annual profit reached $254 million, up from a loss of $323 million in 2014.
ManTech International said today that sales in 2015 hit nearly $1.6 billion, down about 13 percent from the prior year. But profit reached $51.1 million, up from $47.3 million in 2014.
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The Aerospace Industries Association on Thursday said the president's budget released Tuesday does not provide enough funding for key priorities.
Orbital ATK has opened a regional office in Singapore, marking the company's third new location abroad in the past three months.
The chief executive of CSRA struck a positive note on Wednesday, praising improved certainty around the federal budget as well as cost savings found within the company.